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Life insurance sector’s new business premium declines 3 per cent in December

Life insurance sector’s new business premium declines 3 per cent in December

Finance
NEW DELHI: The new business premium of life insurance industry contracted by 3 per cent year-on-year to Rs 24,383.42 crore in December. The new business or the first-year premium of 24 life insurance companies was Rs 25,079.89 crore in the same month of 2019. The country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed data from the Insurance Regulatory and Development Authority of India (Irdai). LIC's new business premium declined by 15 per cent from Rs 16,861.98 crore in December 2019. Private sector comprising of 23 players registered a growth 22 per cent by earning new premium of Rs 10.037.72 crore in December, as compared to Rs 8217.91 crore in the year-ago period. Among private sector life insurers, Bajaj...
Cases, deaths climb worldwide as COVID-19 mortality rate declines to 4.4%

Cases, deaths climb worldwide as COVID-19 mortality rate declines to 4.4%

World
July 12 (UPI) -- Coronavirus has spread worldwide since the pandemic began earlier this year, rising exponentially in deaths to more than 567,000 and nearly 13 million cases. But despite those grim statistics, the mortality rate -- comparing deaths and cases -- has been declining. On May 1, the mortality rate was 7.2 percent but on Saturday it had decreased to 4.4 percent overall. Advertisement Seventy-two days ago, the death count was 240,976 and cases were 3,351,722. Deaths have more than doubled to 567,035, while cases almost quadrupled to 12,884,231. On Saturday, there were 214,786 new cases, below the record of 236,918 the day before. Deaths rose by 4,996 Saturday compared with 5,684. Since the first deaths were reported in Wuhan, China, the outbreak spread to Europe, then the United...
Navy declines to reinstate Capt. Crozier after USS Theodore Roosevelt outbreak

Navy declines to reinstate Capt. Crozier after USS Theodore Roosevelt outbreak

Business
June 19 (UPI) -- The Navy announced Friday it will not reinstate the captain of the USS Theodore Roosevelt who was relieved of his position after sounding the alarm about a coronavirus outbreak that killed one sailor and infected nearly 1,000. Chief of Naval Operations Adm. Mike Gilday said Capt. Brett Crozier won't receive any further punishment for his handling of the outbreak on the ship or his letter that brought attention to the situation. Advertisement "I will not reassign Capt. Brett Crozier as the commanding officer of the USS Theodore Roosevelt, nor will he be eligible for future command. Capt. Crozier will be reassigned," Gilday said. The Navy relieved Crozier of his position on the aircraft carrier in April after he sent a letter to Navy leaders calling attention to the serious...
Poorest women’s life expectancy declines, finds report

Poorest women’s life expectancy declines, finds report

Health
Life expectancy among women living in the poorest communities in England has declined since 2011, says a report warning of growing health inequalities.Overall, life expectancy growth has stalled over the past decade - for the first time in 100 years.Health Secretary Matt Hancock said there was "still much more to do".The largest decreases were seen in the most deprived areas of north-east England, while the biggest increases were in the richest parts of London.Similar trends can be seen right across the UK, the report said.The report, by Prof Sir Michael Marmot, one of the country's leading experts on health inequalities, comes 10 years after he first published data on the growing gap between rich and poor, and between north and ...
Canada declines to raise defense spending above 2 percent NATO benchmark

Canada declines to raise defense spending above 2 percent NATO benchmark

Business
Dec. 2 (UPI) -- As leaders of NATO countries prepare to convene in London, Canada remains below the benchmark of two percent of GDP, NATO data indicate. Each NATO member nation agreed in 2014 to spend two percent of its gross domestic product on defense, but statistics released Friday indicate that Canada will spend 1.31 percent of its GDP on defense in 2019, a figure similar to that of 2018. The data places Canada 20th on the list. Nine countries -- the United States, Bulgaria, Greece, the United Kingdom, Estonia, Romania, Lithuania, Latvia and Poland -- currently meet or exceed the two percent level, the U.S. carrying the highest percentage of all 29 NATO members and Luxembourg with the lowest. U.S. President Donald Trump has been a frequent critic of allies underspending on defense, a...